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Home My WebLink About2818 ~ . - = s = 70.000.00 8t~~,t~~ ~~~.August it) ~a,~ FOR VALUE RECEIVE, tM wtdasiEwai Ntrrtly and tMwnMy. 1?aOMl=E TO ~AV 1• tM enrol N _ THOMA$ 1C. CURRTR t~rtA RtT, 1i2RTF hi st mi fa onsl~~ Alan Np,~,LOII-~ - --------SSVSNTY TH ,~,_~t-rn non nn~pol.u?aa. at «tssdr otltp trl.c... tla Mldar " n«..t wth? ~laaipala iw writtnE. tNatlttr wi1A Mp?ast howl clan at thta rats •f ~ tees taMtww Mr prMwttr ew tM wytaY b.l.na wail fn.twicy, TM tralr NMa~.i «re Mtgrwt r++N "M rw aM taatrabN in five (5 1 annual payments of ~ 14 , 000.00 each, together Frith accrued interest en unpaid principal balance, oomiaencing Auqus t 10 , 19 80 , and th des each paid 3n full. Year thereafter until No• prepayment of principal crest shall be permitted prior to January 10, 1980 after which-pr of principal and/or interest, in part or in full, may be made wi penalty. If dahurt a tttado toy _ 30 days In IM paY~M of an ettann~t et OrMelOal or letar~:t or any Dart tMnol, too wAOla cum tAa~ rarnalelna unoald wtth lntatest shay at hotdor's oPtbn paeonta des and Patraplo wttAOUt notlw. fallura to oxoretsa suer ootron shall rest eoost~ltlytt~~ a walw? of too rl9rtt to ateorebo tM canto In tM ovartt 1iY suewgwnt dalaurt. Afton waatwlty ttOlh Orlnelpsl ar+d acertrod Intarost shall pear lntorost at1~#par cotittxn oa annum trtttlt patd. TM rrtakora arrd ondotsara of this rota fwtha. wales dorrtahd, hOtlp of rrort•YaYrnoril and orotast. If lpb rota h not pall at nNtwlty and lM tanta K cloud wlttt aw allprtot? for eorlaetlon, tM makes atW ondonaa Mraot Mroo to tiaY aH costs of cOlloctlorr, Inclwlle* an cowl costs an0 nasonapN attomoy loos, . (aEALI ` (SEALI (SEALI saAreupr wrww. swat strataa and shall duly, promptly and tally perform, discharge, execute, effete, complete. comply with and abide by each and every the stipulations, agreements, rntiditioris and covenants of said promissory note and of this mortgage. rhea chi: mortgage ~rtd the estate hereby created shat! cea~.t and be null and void. It is nndetuaod that each of the words "note.`- "mortgagor" and "tttoregagee" mpectively and the pronouns referring thereto. whether in the singular or plural anywhere in this mortgage, shall be singular it one only and shall be plural jointly and severally, if more than one, and shall be tnascttline. feminine and/or neuttr, wherever the cotiuxe so implies or admits. And said 1?iottgagor for himself aird his heirs. legal representatives, successors arrd assigns, hereby covenants and agrees co and with said Mortgagee, his legal representatives. successon and assigns: 1. To pay all and singular the principal and interest and the various acrd sundry suns of money payable by virtue pf said promissory note, and this mortgage, each and every. promptly ou the days respectisely the same severally berotne due. 2 To pay all and singular the taxes, assessments, levies, liabilities, obligations arrd incumbnnces o[ every nature and kind now on said dc~cribed property, arrd/or that hereafter may be imposed, sufferccl, placed, Itvied or assessed thereupon, and/or that hereafter tray be levied or assessed upon this mortgage and/or the indebtedness secured hereby, each and every. when due acid payable according to law, before they become delinquent, and before any iatcrest .attaches o; any penalty is incurred; arrd in so far as any thereof is of record the same shell Ile promptly satisfied and discliargal of record and the or- igiaal o[ticial document (such as, for instance, the nx receipt or the sati•.faction paper oiticiaNy errdor•sal or certiiietl) shall be placed in the hands of said Mortgagee within ten days next after p:t~ment; and in the event that am thereof is not so paid, satisfied and discharged. said diottgagee may at~ any time pay the same or any pan ehereo( without waiving or affect- ing oily option, lien, equity or right under or by virtue of thts ttiortgage, and the full amount of each and every wch pay- ment shall be immediately due and payable and shall bear interest from the date thereof anti! paid :rt the rate of tcu (ter cencum per annum and together with such interest shall be secured by the lien o[ this mortgage. 3. To place and continuously keep on the buildings now or hereafter situate on said laud (ire and windstorm insur- ance-in the usual standard polity form, in a sum not less than the highest insurable value, in such mmpauy or companies as may be approved by said Mortgagee: and all such insurance policies on any of said buildings. any irrtemc therein or part thereof. in the aggregate sum aforesaid or in excess thereof, shall contain the usual standard mortgagee clause making the loss under said policies, each and every, payable to said Mortgagee as his interest ttuy appear, and each and every such policy shall be promptly delivtred to and held by said 1ltortgagce: and, riot lea than ten days in advance of the expiration of each policy, to deliver to said 1ltortgagee a renewal theteot, together with a receipt for the premium of uuh renewal: and tlie:e dull be no such iruurantx placed on any of said buildings. any interest thereitr or pan thereof, unless in the form and with the loss payable as aforesaid: acid in the event any wm of money becomes payable under such policy or policies said Mortgagee shall have tht option to receive and apply the same on account o[ the indebtedness secured hereby or to permit raid Aiorega• gor to receive and use it or any part thereof for other put•poses without thereby waiving or impairing any equity, lien or right under or by virtue of this mortgage; acid in the event said Mortgagor shall [or any reason fait to keep the said premises so insured. or fait to deliver promptly any of said policies of insurance to said lortgagee, or tai! promptly to pay"tally arry ptYmiwn tlteretor, or in any respect fail to perform, discharge, execute, effect. complete, rnmply with and abide by this cov- enant, or any part hereof, said Mortgagee may place and pay for such insurance or any part thereof without waiving or affecting aay option, lien. equity or right under or by virtue of this mortgage. and the full amount of each and every wch paytaent shall be itameduuiy due atxl payable and shall bear intetrst tr+om the date thereof until paid ac the rate of ten .per centum per annum and together with such interest shall be secured by the lien of this mortgage. 4. To permit, commit or suffer tto waste, impairment or deterioration o[ said property or any part thereoL S. To pay all and singular the costs, t:lurges and expetues, including reasonable lawyer's fees and cost of abstntts of title. incumd or paid at any time by said 1?tortgaget bepuse and_/or in the event of the failure on the part of the said Mortgagor to duly, promptly and fully perform, discharge, execute. effect. complete. rnmply with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note. and this mortgage. any or either, arrd said cosec, charges and expenses. each and every, s6a11 be ittmcedrauly due and payable, whether or not there be notice. de- mand, atteatpt to ootlea or suit pending: and the toll amount of earn and every such payment shall bar interest from the date thereof until paid at the ran of ten per txntttm per atmum; and all said aost+. charges and expeafes ro incurred os paid, - together with such interest, shall be secured by the lien of this mortgage. so~3i6 ~~2~$